EU tech chief: AI chip access limited to 'very trusted partners' amid Nvidia crisis
Published 14 h ago8 sourcesEvidence: Unknown
Nvidia shares fell over 7% at Monday's open, extending a month-long decline to ~19%, triggered by a spying affair now involving President Trump. Austrian private investors hold Nvidia as their top stock by value, amplifying local market sensitivity. The affair's details remain unclear, but the scale of the drop and political involvement suggest elevated volatility and potential regulatory or geopolitical fallout.
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Nvidia's market capitalization has dropped over $400 billion following reports of an investigation into CEO Jensen Huang's affair with Alice Huang, a Chinese businesswoman alleged by US intelligence to be a Chinese spy. Jensen Huang has admitted to the affair, and Nvidia's board has launched an internal security audit, while China denies the espionage allegations. The full scope of the probe and its implications for national security and corporate governance remain unclear.
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